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Founded in 1985 and listed on both the Hong Kong and Shenzhen Stock Exchanges, ZTE has been committed to providing innovative technologies, end-to-end product lines and integrated solutions its customers from over 160 countries.
Serving over one-fourth of the global population, the company is dedicated to enabling connectivity and trust for a better future. Bolstered with its series of wireless, wireline, devices and professional telecommunication services, the company satisfies the diverse requirements and pursuits of their global customers.
Currently, ZTE serves mainstream global operators and government and enterprise customers. With the digital economy becoming the key driving force for the sustained and stable growth of the world economy, ZTE is committed to becoming the “Driver of Digital Economy”, supporting global digital transformation.
The company continuously increases R&D investment to remain competitive.
2022 marked the start of ZTE’s expansion phase. ZTE, while consolidating its first curve represented by the communications technology business, has been rapidly expanding the second curve represented by IT, digital energy and terminals to realize sustainable development.
Specifically, this expansion in IT includes server and storage products, 5G industry applications, automotive electronics and other digital transformation businesses, while digital energy is represented by power supply, internet data centers and new energy and terminals for mobile phones, mobile internet and smart home products. ZTE has established two sub-industry special teams of mining, metallurgy and steel to accelerate the development of 5G vertical applications.
According to ZTE’s recently released ‘Annual Report 2023 Q1’, ZTE achieved operating revenue of US$4.06 billion, an increase of 4.3 percent year-on-year. The net profit attributable to holders of ordinary shares of the listed company reached US$367 million, an increase of 19.2 percent year-on-year.
The net profit after extraordinary items attributable to holders of ordinary shares of the listed company for the same period was US$341 million, representing a year-on-year rise of 25.7 percent. Its net cash flows from operating activities increased by 95.9 percent to US$324 million, compared to the same period last year.
As the external environment remains complex and volatile in 2023, it poses great challenges to corporate business operations. To cope with this, ZTE has adopted the business strategy of “precision and pragmatism for steady growth”.
With its long-term expertise in ICT full-stack core capabilities, ZTE delivers a comprehensive and efficient digital foundation across network, cloud network and computing power to customers worldwide. It also capitalizes on the opportunities arising from China’s digital transformation and artificial intelligence applications. The overall performance in the first quarter of 2023 secured steady growth.
ZTE, although confronted with challenges from the external environment, will stay focused and pragmatic and will strive to enhance its operational efficiency and resilience for steady growth.
ZTE adheres to the concept of sustainable development and achieves the harmonious coexistence of society, environment and stakeholders. ZTE uses communication technologies to help people in different areas enjoy freedom of communication. ZTE fulfills the concept of ‘innovation, integration and green’ throughout the entire product lifecycle and the whole process of R&D, production, logistics and customer services. The company makes unremitting efforts to reduce global energy consumption and carbon emissions, and also promotes community public welfare and relief worldwide.
In 2019, Foxi Social Responsibility Index Series selected ZTE for the second time, ranking the company among the top 100 in terms of the Corporate Responsibility Index among the top 300 enterprises in China. As a member of the United Nations Global Compact and the Global Enabling Sustainability Initiative, ZTE has, for the last 14 years, initiated a CSR report to the community. ZTE has officially been named to Fortune China ESG Influential Listing 2022, becoming one of the leading enterprises with remarkable performances and excellent efforts in ESG.
In Cambodia, ZTE has been an important partner of Cellcard since 2017, with their superior network quality making them the obvious choice. ZTE has installed wireless infrastructure, core network, transmission sites and power to ensure Cellcard’s success. This has helped Cellcard win the Fastest Mobile Network from Ookla many times since 2017. ZTE is proud to assist Cellcard to retain its place as the operator with the best network quality in Cambodia.